Description
BSE suspends trading in JM Financial Products Ltd NCD (ISIN: INE523H07CB9) effective May 12, 2026, due to partial redemption of the debenture.
Summary
BSE has notified trading members of the suspension of trading in the Non-Convertible Debenture (NCD) issued by JM Financial Products Ltd, effective May 12, 2026. The suspension follows the company’s notification to the exchange regarding the partial redemption of the debenture JMFPL-8.92%-16-11-26-PVT (ISIN: INE523H07CB9, Scrip Code: 975200).
Key Points
- Trading in the NCD JMFPL-8.92%-16-11-26-PVT is suspended with effect from May 12, 2026
- The suspension is triggered by partial redemption of the debenture as informed by JM Financial Products Ltd
- ISIN: INE523H07CB9; BSE Scrip Code: 975200
- Reference notice: DR-628/2026-2027
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory framework is introduced. The suspension is an operational action under existing BSE debt segment listing and compliance rules governing partial redemptions of NCDs.
Compliance Requirements
- Trading members must immediately cease dealing in the debenture JMFPL-8.92%-16-11-26-PVT (ISIN: INE523H07CB9) from May 12, 2026 onwards
- Members should update their systems and notify relevant desks to prevent inadvertent trades in the suspended security
Important Dates
- May 11, 2026: Notice date; circular issued by BSE
- May 12, 2026: Effective date of trading suspension
Impact Assessment
The suspension directly impacts trading members and investors holding or tracking JM Financial Products Ltd’s NCD (8.92% coupon, maturing November 16, 2026). As this is a partial redemption, only the affected portion is being suspended; holders should confirm the redemption terms directly with the company or their depository. Market liquidity for this specific debenture will cease from May 12, 2026, and affected investors should plan accordingly.
Impact Justification
Trading suspension is an immediate, time-sensitive action directly affecting market participants holding or intending to trade the specified NCD; non-compliance could result in regulatory penalties.